Logistics and remanufacturing services provider ATC Technology Corp. (ATAC) Wednesday, in a regulatory filing, reaffirmed its previously released guidance for the year ending December 31, 2010.
The Downers Grove, Illinois-based company reiterated its earnings per share from continuing operations view of $1.75 to $1.95 on total revenues of $475 million to $500 million for the current fiscal.
Analysts polled by Thomson Reuters expect the company to report earnings of $1.84 per share on revenues of $485.45 million for fiscal 2010. Analysts' estimates typically exclude special items.
The company also confirmed that Logistics segment profit would be between $55 million and $61 million on revenues of $355 million to $375 million. For the Drivetrain segment, the company continues to expect profit of $2 million to $3 million on revenues of $120 million to $125 million.
Further, the company forecasts income from continuing operations of between $35 million and $40 million. Free cash flow is projected to be between $24 million and $31 million.
ATC Technology is slated to unveil first-quarter earnings after the market's close on April 27. For the first quarter of 2010, the company expects earnings of about $0.30 per share on revenues of $100 million. Consensus estimates call for earnings of $0.30 per share on revenues of $104.35 million. In the prior-year first quarter, the group's adjusted earnings per share was $0.47 and revenues were $113.5 million.
ATAC closed Tuesday's trading at $18.20 on the Nasdaq.
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